Libya is all about logistics now | Abdel Bari Atwan | Comment is free | The Guardian
"Gaddafi has long used Libya's oil to manipulate the international community, playing small companies off against the multinational giants, and US organisations against European ones. When sanctions were lifted against Libya in 2003 – largely thanks to Tony Blair's efforts to bring Gaddafi in from the cold – production was ramped up to match Iran's 3m barrels a day, and 15 new exploration licences were auctioned, 11 of which went to US companies. The licences were expensive, the Libyan regime's administrative demands were frustrating, and discoveries were disappointing. Then, at the end of last year, the state-owned Libyan National Oil Company flexed its muscles and announced it was not expecting to issue any new oil concession licences in 2011.
Last month, Gaddafi played the oil card in the current crisis, urging Russia, China and India (who all oppose the Nato intervention) to invest in Libya's oil sector. For those who have intervened in Libya, both time and options are running out."
It aint like the Libyan oil contracts are cemented in stone under international law anymore since the US,UK and France have been attacking the place.
Why do you think China and Russia have been sitting back and opposing the whole western assault deal? If Gaddafi comes out on top, as it appears he will, does it not make sense that the sweetest oil deals will go to China and Russia? And does it not make sense that those countries will have an interest in protecting their interests abroad?